Past 10 year’s financial track record analysis by Moneyworks4me indicates that M.V.K. Agro Food Product Ltd is a below average quality company.
The key valuation ratios of M.V.K. Agro Food Product Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of M.V.K. Agro Food Product Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 6% | 13.6% | 16.4% | 11.6% | - |
| Value Creation Index ⓘ | -0.6 | 0.0 | 0.2 | -0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 22.8 | 131 | 93.3 | 125 | 125 |
| Sales YoY Gr. | - | 472.4% | -28.6% | 33.6% | - |
| Adj EPS ⓘ | 1.4 | 3.2 | 3.8 | 4.6 | 4.6 |
| YoY Gr. | - | 128.6% | 17.8% | 22.6% | - |
| BVPS (₹) ⓘ | 6.4 | 9.6 | 13.4 | 50.9 | 50.9 |
| Adj Net Profit ⓘ | 1.4 | 3.2 | 3.8 | 7.2 | 7 |
| Cash Flow from Ops. ⓘ | -19.4 | 28.4 | -9.7 | -48.1 | - |
| Debt/CF from Ops. ⓘ | -3.9 | 2.1 | -9.4 | -3.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 76.1% | 33.6% | ||||
| Adj EPS ⓘ | NA | NA | 48.9% | 22.6% | ||||
| BVPSⓘ | NA | NA | 99.6% | 280.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 21.9 | 40 | 32.9 | 15.5 | 9.1 |
| Op. Profit Mgn % ⓘ | 10.3 | 7.7 | 17.1 | 17.8 | NAN |
| Net Profit Mgn % ⓘ | 6.2 | 2.5 | 4.1 | 5.8 | 5.7 |
| Debt to Equity ⓘ | 11.7 | 6.3 | 6.8 | 2 | - |
| Working Cap Days ⓘ | 0 | 155 | 264 | 312 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 62 | 166 | 210 | 0 |
Sales growth is growing at healthy rate in last 3 years 76.05%
Net Profit is growing at healthy rate in last 3 years 48.88%
Debt to equity has declined versus last 3 years average to 2.04
Return on Equity has declined versus last 3 years average to 9.10%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.6 | 5.6 |
| TTM Sales (₹ Cr.) | 125 | 141 |
| BVPS (₹.) ⓘ | 50.9 | 51.9 |
| Reserves (₹ Cr.) ⓘ | 63 | 65 |
| P/BV ⓘ | 0.77 | 0.76 |
| PE ⓘ | 8.52 | 7.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 61 |
| Equity (₹ Cr.) | 15.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.8 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 22.83 | 130.67 | 93.28 | 124.58 |
| Operating Expenses ⓘ | 20.49 | 120.62 | 77.33 | 102.44 |
| Manufacturing Costs | 21.23 | 37.09 | 23.77 | 21.45 |
| Material Costs | -3.86 | 77.36 | 40.82 | 66.36 |
| Employee Cost | 2.39 | 5.05 | 6.49 | 6.38 |
| Other Costs ⓘ | 0.75 | 1.12 | 6.24 | 8.24 |
| Operating Profit ⓘ | 2.34 | 10.05 | 15.95 | 22.15 |
| Operating Profit Margin (%) | 10.2% | 7.7% | 17.1% | 17.8% |
| Other Income ⓘ | 3 | 1.96 | 0.66 | 0.54 |
| Interest ⓘ | 3.03 | 6.05 | 9.43 | 11.31 |
| Depreciation ⓘ | 0.45 | 1.79 | 2.27 | 2.69 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.85 | 4.18 | 4.91 | 8.69 |
| Tax ⓘ | 0.45 | 0.98 | 1.14 | 1.53 |
| Profit After Tax | 1.40 | 3.20 | 3.77 | 7.16 |
| PAT Margin (%) | 6.1% | 2.4% | 4.0% | 5.7% |
| Adjusted EPS (₹) | 1.4 | 3.2 | 3.8 | 4.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 6.40 | 9.60 | 13.38 | 78.79 | ||||||
| Share Capital ⓘ | 5 | 5 | 5 | 15.49 | ||||||
| Reserves ⓘ | 1.40 | 4.60 | 8.38 | 63.30 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 70.92 | 56.52 | 87.91 | 156.80 | ||||||
| Long Term Debt | 36.37 | 39.27 | 45.61 | 56.66 | ||||||
| Short Term Debt | 34.55 | 17.25 | 42.30 | 100.14 | ||||||
| Trade Payables | 23.10 | 23.57 | 13.91 | 12.33 | ||||||
| Others Liabilities ⓘ | 14.04 | 26.33 | 39.52 | 23 | ||||||
| Total Liabilities ⓘ | 114.46 | 116.02 | 154.72 | 270.92 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 54.78 | 63.37 | 70.98 | 78.11 | ||||||
| Accumulated Depreciation | 0.45 | 2.24 | 4.51 | 7.20 | ||||||
| Net Fixed Assetsⓘ | 54.33 | 61.13 | 66.47 | 70.91 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0.98 | 1.45 | 6.15 | 13.50 | ||||||
| Inventories | 57.18 | 46.19 | 72.58 | 97.94 | ||||||
| Trade Receivables | 0.01 | 0.02 | 0.01 | 0.15 | ||||||
| Cash Equivalents | 1.23 | 0.15 | 0.63 | 53.95 | ||||||
| Others Assetsⓘ | 0.73 | 7.09 | 8.88 | 34.47 | ||||||
| Total Assets ⓘ | 114.46 | 116.02 | 154.72 | 270.92 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -19.42 | 28.38 | -9.72 | -48.12 |
| PBT ⓘ | 1.85 | 4.18 | 4.91 | 8.69 |
| Adjustment ⓘ | 3.50 | 7.77 | 11.35 | 13.57 |
| Changes in Working Capital ⓘ | -24.62 | 16.79 | -25.52 | -68.7 |
| Tax Paid ⓘ | -0.15 | -0.36 | -0.47 | -1.68 |
| Cash Flow From Investing Activity ⓘ | -54.78 | -8.47 | -11.91 | -14.74 |
| Capex | -54.78 | -8.59 | -7.62 | -7.90 |
| Net Investments | 0 | 0 | -4.70 | -7.35 |
| Others ⓘ | 0 | 0.12 | 0.41 | 0.51 |
| Cash Flow From Financing Activityⓘ | 75.42 | -21 | 22.12 | 116.18 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 58.25 |
| Net Proceeds from Borrowing ⓘ | 36.37 | 2.90 | 6.34 | 11.05 |
| Interest Paid ⓘ | -3.03 | -6.05 | -9.43 | -11.31 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 42.09 | -17.85 | 25.21 | 58.19 |
| Net Cash Flow ⓘ | 1.22 | -1.09 | 0.48 | 53.32 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.93 | 39.96 | 32.85 | 15.54 | ||||||
| ROCE (%) | 6 | 13.55 | 16.43 | 11.61 | ||||||
| Asset Turnover Ratio | 0.2 | 1.13 | 0.69 | 0.59 | ||||||
| PAT to CFO Conversion(x) | -13.87 | 8.87 | -2.58 | -6.72 | Working Capital Days | |||||
| Receivable Days | 0 | 0 | 0 | 0 | ||||||
| Inventory Days | 914 | 144 | 232 | 250 | ||||||
| Payable Days | -2,182 | 110 | 168 | 72 | ||||||
M.V.K. Agro Food Product Limited was incorporated on February 2, 2018 as ‘M.V.K. Agro Food Product Limited’, a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by Registrar of Companies, Central Registration Centre.
The company is an integrated sugar and other allied products manufacturing company operating from Nanded District in the State of Maharashtra. It operates a single location sugar unit. In addition to sugar, the company also commercialises and sells its by-products and waste products, namely, Molasses, Bagasse and Pressmud. It is also engaged in the generation of Power for captive consumption. The company’s business can hence be broken into two segments, namely Sugar and its by-products/waste products. In the year 2020, it commenced operations of manufacturing of Sugar. In the year 2020, the company implemented backward integration and began commercial operations of the by-products and waste products of Sugar along with Co-Generation capabilities. The company proposes to further diversify its product portfolio by setting up a Greenfield unit for manufacturing Ethanol and Bio-CNG and Fertilizer. Ethanol is produced after fermentation and distillation of Molasses and can be further purified into Fuel Ethanol, by removing the water content. It intends to create an additional revenue stream using backward integration of its waste material, i.e., Molasses for manufacturing Ethanol and marketing and selling the same for industrial usage.
It markets and sells its Sugar through brokers, with whom it shares long term relationship. Its brokers further market and sell Sugar to institutional confectionary manufactures, such as PepsiCo Holdings India, Parle Biscuits and Britannia Industries, etc. Its products are used as a raw materials by the institutional manufacturers for manufacturing finished products such as biscuits, rusk and other bakery products. Its brokers also market and sell its products directly to wholesalers and large retailers, all over India.
In addition to its association with brokers, it also sells its products to export oriented commodity traders, such as, Sakuma Exports, Indian Sugar Exim Corporation, Garden Court and HRMM Agro Overseas. Its commodity traders have built long-standing relationships with international buyers of various grades of raw sugar, and therefore it sells Sugar in bulk quantities to its commodity traders, who further market and sell it in both bulk and containerised forms in global markets.
Business area of the company
The company is engaged in the business of manufacturing sugar and its by-products and waste products, namely, Molasses, Bagasse and Pressmud. It is also engaged in the generation of Power for captive consumption.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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